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29 Feb

LatAm steel trade deficit narrows in November

Latin America's steel trade deficit narrowed sequentially in November 2023 to 1.92 million tonnes. This was almost 0.9% smaller than in October and 35.3% down year-on-year, Kallanish learns from steel producers association Alacero data. The 11-month deficit was almost 19mt, widening by 48.5% compared with 12.8mt in the same period a year earlier. LatAm imported 2.46mt of steel in November 2023, down 34,200t on October but 37.8% higher y-o-y. From the total, 1…
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